- OpenSea has incorporated the Solana network.
- Futures trading in Solana’s SOL has lost $25 million in the previous 24 hours.
This week Binance exchange announced that it was temporarily stopping all Solana withdrawals owing to network troubles, noting that Solana withdrawals may be halted from time to time, depending on the network circumstances. Binance claimed that they are working with the project team to make sure that these issues are sorted out at the earliest. However, there are no further specifics about the suspension of withdrawals as of this writing.
Solana Prices Fumble
Bitcoin, Ethereum, and other cryptocurrencies all fell to new lows on Wednesday, and traders of future crypto contracts lost almost $400 million. Futures trading in Solana’s SOL has lost $25 million in the previous 24 hours, according to Coinglass statistics. Solana, the sixth-largest cryptocurrency by market capitalization, has dropped by more than 8% in the last day. CoinMarketCap shows that the native token SOL is now trading at slightly over $115.
One of the most popular non-fungible token marketplaces, OpenSea, has incorporated the Solana network. A few Solana-powered NFT collections began popping up on Twitter earlier today. To many in the NFT community who had been expecting it, this integration was no surprise. Last month, OpenSea announced that it would begin adding NFT collections minted on Solana to its catalog in early April.
When tech blogger Jane Manchun Wong tweeted in January that OpenSea was working on integrating Solana, it was confirmed of NFT kingpin’s plans to ramp up its multi-chain game. Wong is known for unearthing new features before they are officially disclosed.
